Central Bank project to delete the zeros will be applied beginning of the year 2017

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Central Bank project to delete the zeros will be applied beginning of the year 2017

25/6/2015

And independent Iraqi news agency and /. X stressed Governor of the Central Bank of Iraq, Thursday, that the project to delete the zeros will be applied in early 2017, indicating that the Bank began the development of the first steps of the project. and he said: "The purpose of deleting three zeros from the Iraqi currency is to support the Iraqi dinar and make it a competitor of foreign currency", returned him as "that strategic project will serve the country's economy." He added that "the Bank is working on the mechanisms used to implement this project is expected to start by the beginning of 2017," noting that "the central bank began the first steps of the project through the selection of designs, companies and the country that will be done Print currencies ". He noted that "the introduction of new currency does not mean the destruction of the old currencies, but it will continue to trade to about ten years," pointing out that "this period will enable the central bank to withdraw the old currency in accordance with the mechanics will maintain market liquidity." Finance Committee and was in former House revealed in, (August 15, 2013), the postponement of the process of removing zeros from the currency until after the next parliamentary elections, while confirming that the government is demanding guarantees for non-substituent currency return to markets and forgery. The Central Bank of Iraq confirmed, in the (April 25, 2013 ), that there is no intention at this time to restructure the currency and delete the three zeroes of them, denying the reports in this regard. It is noteworthy that the General Secretariat of the Council of Ministers announced (April 12, 2012), for a patient in the application of the process of deletion of zeros from the national currency, which had to be Stop all procedures associated with the operation mentioned until further notice. It is noteworthy that some economists believe that Iraq is not formatted for the time being for the deletion of zeros from the dinar, pointing out that the deletion needs to be a security and political stability as well as economic stability.

http://www.ina-iraq.net/content.php?id=27583

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tlm724

Director General of counting version and inventories at the CBI Ihsan Yasiri delete the zeros of the Iraqi currency and a national project to feminine Iraqi currency,

Counting Director General Release and inventories at the CBI Ihsan Yasiri delete the zeros of the Iraqi currency and a national project to feminine Iraqi currency, likely work on the project in early 2017.oodhav "Yasiri that" the Central Bank began to develop a new study designs for the currency after the removal of zeros it, "noting that "Deleted currency zeros will deliberate for two years in the local markets, as the bank continues to center to pull the old category of the currency over ten years." He said that "it is likely the launch of the new category from the beginning of the currency in 2017 because there are a number of opponents of the project", pointing out that "Asaddaramlat category of cash 50, 100 and 200 to ease trading currency burdens after deletion of zeros, as well as the provision of liquidity to the means of transportation of currency" .oorteur CBI earlier, re-exchange companies deprived of the central auction of the coin and an end to a period of Aqhobthm.fima the central bank decided to open window at his headquarters in Baghdad to meet delegates and studying abroad in dollars and requests the official price.